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According to Dividend Channel, on 8/2/11, Capital Product Partners L.P. (CPLP) will trade ex-dividend, for its quarterly dividend of $0.2325, payable on 8/15/11. As a percentage of CPLP's recent stock price of $7.76, this dividend works out to approximately 3.00%, so look for shares of Capital Product Partners L.P. to trade 3.00% lower — all else being equal — when CPLP shares open for trading on 8/2/11.

Below is a dividend history chart for CPLP, showing historical dividends prior to the most recent $0.2325 declared by Capital Product Partners L.P.:

CPLP Dividend History

Date

Div*

05/05/11

0.233

02/02/11

0.233

11/03/10

0.233

08/04/10

0.225

05/04/10

0.225

02/04/10

0.410

11/03/09

0.410

08/04/09

0.410

05/05/09

0.410

02/06/09

1.050

11/05/08

0.410

08/04/08

0.410

05/20/08

0.400

05/05/08

0.400

02/01/08

0.395

11/05/07

0.385

08/02/07

0.363

* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CPLP is likely to continue, and whether the current estimated yield of 11.98% on annualized basis is a reasonable expectation of annual yield going forward.

CPLP operates in the Oil & Gas Equipment & Services sector, among companies like Spectra Energy Corp (SE) which is down about 0.7% today, and Williams Cos Inc (WMB) trading lower by about 0.6%. Below is a three month price history chart comparing the stock performance of CPLP, versus SE and WMB.

In Friday trading, Capital Product Partners L.P. shares are currently down about 2.5% on the day.